The markets seem to be experiencing a re-adaptation of Samuel Beckett’s famous play that we could call “Waiting for Pivot“: they are moving on expectations of an imminent easing of monetary conditions in the wake of signs of a slowdown in US inflation and fears of recession. In general, we are leaving behind a year of pitfalls and unpredictable implications, but also of rediscovered opportunities in terms of asset allocation, with quality bonds once again becoming a profitable component of the portfolio.
So what will happen to the markets? Lorenzo Fuscà Head of Wealth Management and Emanuele Fino Head of Investment Advisory at Banca Profilo explain it in the video.
